Chapter 243: The Battle of the "Official" Base (3)

Looking at the departing figures of Zhong Shi and Ma Jiarui, Rodney. Jones's face changed for a long time, and then he snorted coldly, said hello, and went out to call a taxi.

"What does he mean by that?"

A cold question came from the microphone, which was particularly piercing on the lively streets of Causeway Bay. Jones looked at the rows of high-rise buildings around him and the crowd of people rubbing shoulders, and suddenly felt an inexplicable chill in his heart. "I think he's threatening!" He replied subconsciously.

"Threats? There is also such a possibility! The voice on the phone was noncommittal, and said lightly, "There is an allusion in Huaxia, which tells the story of a wise general who played the piano on an empty city and scared off the 100,000 enemy troops who attacked with courage. ”

"Empty city?" Rodney. Jones's face sank, and he subconsciously clenched the microphone and nervously glanced around to make sure that he didn't find any suspicious people, and then continued, "If that's the case, then as long as we continue to attack, we will break his plot?" ”

For Bell Stone's uninvited, Rodney. Jones really couldn't think of any rational excuse. At this time, he seemed to be a frightened bird, and any wind and grass frightened him.

It stands to reason that a guy who can become a top hedge fund senior partner should not be so timid, but in the face of such a huge offensive scale, in the case of hundreds of billions of capital transfers, even the best guy with psychological elements will inevitably become gains and losses.

Druckenmiller on the other end of the line sneered for a moment. said disdainfully: "Did he forget that Huaxia has another allusion, that is, the arrow has been put on the string, and there is no choice whether to launch it or not." This time, he's in danger! ”

Hearing Druckenmiller's answer, Rodney. Jones was silent for a moment before he said, "Our original strategy will not change, it is inevitable. What worries me is not about this, but about what he calls wiretapping, in addition to the phone. He also mentioned. Our email system has also been manipulated, and if that's the case, then our overall strategy ......"

He didn't say what was going on, but the meaning was enough for the other party to catch it clearly.

"You don't have to worry about this!" Druckenmiller flatly denied it. "It doesn't matter who the eavesdropping party is. We'll all find him. Besides, now there are only the last two days of trading. Even if the other party wants to make some moves, there is no time to switch positions. As long as this time passes, I promise those who dare to eavesdrop on us. will receive enough revenge that they will regret for the rest of their lives! ”

"A qiē according to the original plan?" Hearing Druckenmiller's gnashing of teeth, Rodney. Jones's heart tightened, and he quickly changed the subject.

As a senior partner at Quantum Fund, his responsibility in this matter is almost inevitable. If the Quantum Fund can make a big profit in the Hong Kong stock market, maybe no one will hold him accountable in the end, but if the Quantum Fund returns, he will be the scapegoat.

Although it is not worrying that there is no home, it is rare to find a high-growth and sustainable hedge fund like Quantum Fund. Jones thought.

"Not bad!" Druckenmiller made the final decision, "I will bear the consequences!" Wait and see, let this young man know what it means to 'win on the head, you lose on the tail'. ”

There are many famous sayings on Wall Street, and one of them is about coin toss, "I win with heads and lose with tails", which means that no matter what I do, I am the winner and the other is the loser.

As one of the top levels of the financial food chain, hedge funds have always been the winners of the entire ecosystem, and the leader among them, quantum funds, has won to the point of reaching the pinnacle and being unbeatable. That's why the confident Soros and Druckenmiller dared to openly challenge the country, and they did.

So, Druckenmiller didn't care about Bell Stone's words. However, he soon realized that he had made perhaps the biggest mistake of his career.

……

On the 27th, when the first rays of sunlight were cast into the office of Tianyu Fund, everyone realized a sense of solemnity, and they slowed down, for fear that their every tiny movement would attract the attention of others.

What brought them this pressure was Druckenmiller's blatant statement in the newspapers. In today's Wall Street Journal Asia edition, Druckenmiller not only wrote an article himself, admitting that the Quantum Fund was involved in the attack on Hong Kong's currency and stock markets, but also made a bold statement that it would definitely make huge profits from it. In addition to these boasts, he said that even if the Hong Kong government can get through this hurdle, the speculators will continue to attack, and even if it doesn't work this time, they will organize the next offensive until the Hong Kong government is finally forced to abandon its actions in favor of the stock market.

Threat! Naked threat!

Since there are only two days before the delivery of the futures index, in this sensitive period, the quantum fund, which is the bull's ear of the market, suddenly threw out such a remark, which immediately caused an uproar in the entire market. All morning, the market was filled with interpretations of Druckenmiller's words. Some people say that this is a signal that the quantum fund is ready to attack the Hong Kong market in an all-out way, while others say that this is a smokescreen they put to cover the withdrawal of the huge quantum fund from the Hong Kong market.

Either way, it has caused great psychological pressure on the employees of Tianyu Fund.

"Today and tomorrow, it should be the time for a decisive battle!" In Zhong Shi's office, including Ma Jiarui, Ren Ruowei and Liao Xiaohua, all of them had solemn faces, did not say a word, and quietly waited for Zhong Shi's instructions.

Seeing the expressions of several people, Zhong Shi tried hard to squeeze out a smile and comforted a few people: "Don't worry, as long as we can support these two days, they will basically fail." ”

The tricks of the speculators are very clear, and the stocks that have been raised through guò are sold in the market in a big way. The crackdown on the 33 constituents caused the entire Hang Seng Index to plummet, so that the futures index, which they had shorted beforehand, would reap the benefits.

Nowadays, the method of attacking the Hong Kong dollar to raise the call rate is no longer effective, because the action of the Tianyu Fund has made the market's sensitivity to the call rate down, and the level of the call rate is no longer the key factor that can affect the rise or fall of the Hang Seng Index, so they must start with the stock market itself.

Because of the sale of Tianyu Fund, many speculators have fallen into a situation of loss in the short selling of futures indexes that they have absorbed at a low level, and the problem brought about by this is that if the Hang Seng Index is not suppressed. These short orders can only be settled in the end of a loss. That's it. This means that the speculators' intentions have failed.

This is the most important reason why speculators are throwing out such remarks today, and it is also the reason why Tianyu Fund feels like a great enemy.

One might ask, in that case, why don't speculators roll over to the September futures contract? There are two reasons for this. The first is that their opponents, Tianyu Fund and other bullish funds have not been transferred. This makes it impossible for their large positions to be settled. dragged alive here; The second is that if the position is rolled over to September, then the front line will be stretched again, a month's time. With the huge positions that speculators are currently accumulating in the Hong Kong dollar market, it is enough to drag them to death with interest. Therefore, the best strategy for speculators is to defeat the "Hong Kong government" in the August futures contract.

If you want to defeat the index, you have to defeat the constituent stocks.

On the 27th and 28th, speculators will do their best to short the stocks of the constituent stocks in order to depress the Hang Seng Index. As a party to the market, Tianyu Fund needs to buy relevant stocks with all its might, so as not to let the stock price fall sharply and support the Hang Seng Index.

Whoever is able to hold out until the moment of settlement will be victorious.

What the two sides are competing for is the strong financial resources. At this time, the so-called conspiracies, strategies, means, etc., are no longer very useful. Druckenmiller's remarks at this time were not so much a provocation to the Hong Kong market as a "Jianghu convening order", calling on the entire international market to come to the Hong Kong stock market to short, and mobilize the power of the world's capital to bring down the Hong Kong market.

Both the offense and the defense are well aware of this.

"I'm afraid we won't be able to survive these two days!" Ma Jiarui sighed and shook his head again and again, "We only have about 80 billion yuan in funds, and we may not be able to maintain 33 constituent stocks." ”

In just one day, Ma Jiarui changed from extremely optimistic to quite unoptimistic, and just a trip to the office of the Quantum Fund made such a big change for him.

"Don't worry, the Hong Kong government will take action at a critical time!" Seeing that the affection of several people was not high, Zhong Shi had to throw out a reassuring pill at this time, "I have already talked to Director Cen and President Ren, as long as we ask for it, they will support us with more than 50 billion Hong Kong dollars at any time, so don't worry too much." ”

Looking at the few people whose faces slowed down, Zhong Shi's heart haunted Cen Yinquan's words during the private meeting yesterday, "Since you promised to take action, we will also help you cover it up, so don't expect the Hong Kong government to help at a critical time." But don't worry, if you really can't, we will take action at a critical time, but we will not help you. ”

The reason for this is that the Financial Secretary and the HKMA, including the Financial Secretary, have also seen the benefits of getting a piece of the Hong Kong stock market. As long as this time it is over, in order to repay the securities raised, speculators will inevitably enter the market to buy at some point in the future, and then with this wave of market, the HKMA can make a lot of money without the slightest effort.

The HKMA has also lost a lot of money in the battle to defend the Hong Kong dollar, although the rise and fall of the Hong Kong dollar cannot be compared with the Hong Kong stocks, but because of the huge position and the frequent buying and selling activities, the HKMA has also lost billions of Hong Kong dollars in exchange rate income during this period of Hong Kong dollar defense.

In addition to these, they have also been burdened with a certain amount of Hong Kong dollar interest liabilities and lost US dollar interest income, which together have lost tens of billions of dollars.

Zhong Shi was once again stabbed by the Hong Kong government, but he had no choice but to comfort others with such a lie, he didn't want to mess with himself at a critical time.

……

At 10 o'clock, the stock market opened. The bidding stage was relatively calm, and there was not much action on either side, but at the beginning of free trading, thousands of sell orders immediately emerged on the 33 constituent stocks, and sell orders were hanging on the left like a tide, and the follow-up momentum did not weaken at all.

"Buy them all, don't care how much, sweep away their sell orders!"

Faced with this situation, almost everyone changed their faces, and when it came to the real critical moment, they realized that this was completely different from what they expected.

At a cursory glance, the trader in charge of Hong Kong Telecom found that the total number of sell orders in the top 10 exceeded 3,000 lots, with a total price of more than 40 million Hong Kong dollars. It is estimated that it will take about ten minutes to fully digest these sell orders.

And on other stocks, similar situations abound. 33 constituent stocks means that more than 10 billion funds have been invested, and this is only the opening stage. Obviously, the speculators are trying to give Tianyu Fund a complete disadvantage.

And Zhong Shi, whose face was very calm, faced with the many eyes that were cast at him, just gave such a sentence firmly. (To be continued......)

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